Stock market responses to bank restructuring policies during the East Asian crisis
By: Daniela Klingebiel ... [et al.].
Contributors: Klingebiel, Daniela.; World Bank. Financial Sector Strategy and Policy Group.
Series: Policy research working paper ;; 2571; Policy research working papers (Online) ;; 2571.
Publisher: World Bank, Financial Sector Strategy and Policy Dept.
Published: 2001
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Financial crises -- East Asia -- Economic aspects; Bank failures -- East Asia -- Economic aspects; Deposit insurance -- East Asia
Description: During a crisis of confidence, announcements of deposit guarantees may give market participants short-term confort. But stock market responses show that using public funds for bank bailouts is not a credible way to restore the health of the financial sector.
Notes: Includes bibliographical references (p. 20-21).
Title from title screen as viewed on Sept. 16, 2002.
"March 2001"--Cover.
Also available in print.
Mode of access: World Wide web.